- Strategic location between the A10 and M1 with excellent connectivity to the M25 London orbital motorway.
- The property is situated on a site area extending to 1.39 acres (0.56 hectares), providing a low built site density for Greater London of 47%.
- Light industrial accommodation extending to 35,628 sq ft (3,309.95 sq m) GIA over 8 units with units ranging from 3,098 sq ft (287.81 sq m) to 6,001 sq ft (557.51 sq m).
- Strong covenant mix with 49% of income received from CreditSafe ‘A’ tenants and 30% from ‘B’.
- Highly attractive weighted average unexpired lease term of 4.13 years to break options and 4.33 years to lease expiries.
- Currently let to 7 diverse tenants producing a total marketing rent of £497,141 per annum.
- A low average rent of £14.04 per sq ft providing an excellent opportunity to drive rental growth.
- 100% of leases contracted Outside the ‘L&T 1954 Act’.
- Key opportunity to drive ESG performance via recently completed EPC improvement analysis.
- Freehold
Offers are invited in excess of £8,250,000 (Eight Million, Two Hundred & Fifty Thousand pounds) subject to contract and exclusive of VAT.
A purchase at this level would reflect a Net Initial Yield of 5.68% and a low capital value of £232 per sq ft, after assuming purchaser’s costs of 6.67%.
